Stocks, Bonds, Commodities and Currencies: My Predictions for 2009 [View article]
We might see a 5-6 month rally in stocks to S&P 1000 but I don't see any chance of a new bull market by the end of year. Housing is still in the early stages of crashing around the world, unemployment and recession are just beginning to ramp and earnings will be in free fall. We are still firmly in a bear market and we don't base until S&P 400-600 range.
Gabe, there is no way we see 20K on the dow any time in the near future. I'm playing this from the long side for a Obama/Santa rally but it will be a bear market rally and nothing more. Buy your oversold's this week but don't fall in love yet, this won't be some crazy V reversal. Disclosure LVS, ACI, X, FCX
Stocks, Bonds, Commodities and Currencies: My Predictions for 2009 [View article]
Wednesday Outlook: Commodities, Emerging Markets [View article]
Disclosure LVS, ACI, X, FCX